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Stocks With Momentum: PBA
by Cals Mon 23 Mar 2015, 23:03
Stocks With Momentum: PBA
By theedgemarkets.com / theedgemarkets.com | March 23, 2015 : 10:42 AM MYT
[size=14]PBA Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
PBA’s (Fundamental: 1.5/3, Valuation: 1.8/3) share price rose as much as 10.1% to RM1.42 on Thursday, ahead of the announcement of new water tariffs for Penang — effective April 1, 2015. However, it gave up some gains to close at RM1.38 last Friday.
The water tariff review, which is aimed at reducing water usage and avoiding rationing, will see an average increase of 16.7% and 18.8% for domestic and commercial users, respectively.
PBA is mainly involved in water supply for Penang. The company also owns a 26% stake in Pinang Water Ltd, which supplies treated water to Yichun City in China’s Jiangxi Province. PBA has a strong balance sheet with net cash of RM36.8 million, or 7.9% of its current market capitalisation.
The stock is trading at a trailing 12-month P/E of 18.9 times and 0.64 times book. Dividends will total 3.75 sen per share for 2014 (including a proposed final dividend of 2 sen), giving a yield of 2.7%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on March 23, 2015.
[/size]
By theedgemarkets.com / theedgemarkets.com | March 23, 2015 : 10:42 AM MYT
[size=14]PBA Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
PBA’s (Fundamental: 1.5/3, Valuation: 1.8/3) share price rose as much as 10.1% to RM1.42 on Thursday, ahead of the announcement of new water tariffs for Penang — effective April 1, 2015. However, it gave up some gains to close at RM1.38 last Friday.
The water tariff review, which is aimed at reducing water usage and avoiding rationing, will see an average increase of 16.7% and 18.8% for domestic and commercial users, respectively.
PBA is mainly involved in water supply for Penang. The company also owns a 26% stake in Pinang Water Ltd, which supplies treated water to Yichun City in China’s Jiangxi Province. PBA has a strong balance sheet with net cash of RM36.8 million, or 7.9% of its current market capitalisation.
The stock is trading at a trailing 12-month P/E of 18.9 times and 0.64 times book. Dividends will total 3.75 sen per share for 2014 (including a proposed final dividend of 2 sen), giving a yield of 2.7%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on March 23, 2015.
[/size]
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